HomeMy WebLinkAboutRes 23-97 03/18/1997 R£SOLUTION lqO. 23-97
P~o~ectMaple / Berkshire
:.~7 1087
~ESOLUTION OF INTENT REGARDING NATIONAL FLCO0 INSU~NC~'
Whereas aOolIcation =rovisions fo~ loans fro~ the Water Pollution Control
aevolving Funo requires .c~llance wit~ the National Fl~ Insurance Act of
)968. as a~n~ed.
Wherea% the cos~s of securing and ~tntaining fl~ insurance are eligible for
Ioan ~artict~a~ion Uu~ln~ t~ a~roved construction perioU.
Whereas Failure ~o secure fl~ insurance for etlgible construction
Uesignate~ fl~ ~azar~ areas will caus$ t~il c~nstruction to bec~
ineligible ~or I~,
~w therefore, De it resolve0 t~at the Village
of Mount PRospect w~]~ ~at~ a~0 c~r01na~ wit~
National Fl~ Insurance Pr~ram tO acquire anO ~$ntain any fl~o insurance
~e available foK Pro]ec~ LIIZQ87~0r :~e entire useful life of t~S insurable
constr~ctl~ ~ursuant tO t~e 'Fl~ Insuran~ Act of 1~68. as a~noeO and that
it will secure said tl~ insurance ~or eac~ $nsuraDle structure, as
salU Insurance is avatlaoie anO will ~ti~y th~ Illinoi~ Envtron~n~al
Procect)~ Agency in writing that the National Fl~O Insurance requlre~nc nas
Tttl[rPresident,/Ge~al~ L. F~rtey
~Mayor. village Prestoe~. etc.)
Certified to be a true anU accurate cody, passed and aooDted on
M M:
(Clef%. Secret~ry. etc.)
(SEAL)
AYES: Clowes. Corcoran. Hoefert. Wilks
ItAYS: None
ABSENT: Hendricks. Juracek